Jive Software (JIVE) to be acquired by Aurea for $462 million or $5.25 a share

Jive, a community collaboration software company that was one of the biggest Enterprise 2.0-era success stories, going public in 2011, announced today it had agreed to be acquired by ESW Capital’s Wave Systems for $462 million. It will become part of the Aurea family of companies.

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In the end, it appeared to be a kind and healthy exit for Jive shareholders. ESW paid $5.25 a share to purchase the company, representing a 20 percent increase over the average of Jive’s closing stock price for the three months ending on April 28, 2017. It had closed on Friday at $5.05 a share. Needless to say, Jive’s board jumped at the offer and voted unanimously to approve the deal.

But not everyone saw it that way. Ray Wang, founder and principal at Constellation Research, called it a “fire sale” on Twitter and reported that investors lost millions.

J. Jill (JILL) began trading on the NYSE on 9 March 2017

• 11.67 million shares of JILL, priced at $13 per share, opened trading on the New York Stock Exchange at its launch, which was below the expected range of $14 to $16 per share. 
• The retailer is receiving no proceeds from its IPO since its owner, private-equity firm TowerBrook, is unloading shares during the offering but will keep over 50% of J. Jill’s common stock. 
• This is not J. Jill’s first IPO. It originally went public back in 1993, and was acquired by Talbot’s for $157 million in 2006 after they beat out Liz Claiborne in a bidding war. Talbot’s then sold J. Jill to private-equity firm Golden Gate Capital for just $75 million only three years later, and was sold again to TowerBrook in 2015 for a reported $400 million.
• J. Jill is a women’s apparel brand that has been around since 1959; its core customer base are affluent women between the ages of 40 and 65, and it has a heavy reliance on catalog and online sales. 

• One week later

First Data (FDC) began trading on the NYSE on October 15, 2015

• U.S. payment processing company First Data Corp, controlled by private equity firm KKR & Co LP, raised $2.56 billion in its stock market debut, a steep drop from the $3.7 billion originally targeted. Its shares ended down 1.6 percent.
• The year's biggest debut, raising $2.6 billion, First Data was the latest survivor from the 2007 LBO boom to hit the market. The payments processor has bet on technology efforts under CEO Frank Bisignano, a former JPMorgan executive.

First Data Chairman and Chief Executive Frank Bisignano (C) celebrates during his company's initial public offering on the floor of the New York Stock Exchange October 15, 2015.

=E2open (EOPN) was acquired by Insight Venture Partners

• In March 2015, Insight Venture Partners announced that it had completed its acquisition of E2open, a Foster City, Calif.-based provider of cloud solutions for collaborative planning and execution across global trading networks. 
• The $8.60 per share deal valued E2open at approximately $273 million. 
• www.e2open.com

iKang Healthcare (KANG) : 4-month performance

• BEIJING, March 26, 2018 : iKang Healthcare (KANG) was acquired by IK Healthcare Investment Limited, a special purpose vehicle wholly-owned by Yunfeng Capital and Alibaba Group (BABA) for US$41.20 per share.